The sell-off in crude oil accelerated on Monday. Energy-related stocks were crushed (again) and this weighed heavily on the entire market.
Major European markets, the U.S. markets, and Japan all closed lower today. China was the exception.
No one knows yet if this is just a one-day dip in the market's rally or the start of something deeper. Lately dips have been bullish entry points in the U.S. market.
Tonight we decided not to add any new trades. I suggest investors double check their stop loss placement. How will you fare if the market weakness continues tomorrow?